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10-14-2016, 10:16 AM #8
- Join Date
- Apr 2014
- Location
- Washington DC
- Posts
- 421
Again, to be clear, I'm not saying high rate=bad, nothing of the sort. I'm saying more companies need to look at the merchants and see if what they are offering is a suitable product -- if it's solely about "getting paid back" on a short term deal, that's a problem. Several of the "high risk" companies, such as Elevate from what I know about their company through Heather, are looking at it the right way, and addressing an under served portion of the market without stacking merchants (into oblivion) -- and they are trying to structure their product from a "suitability" standpoint, not just a "can i get paid back regardless of what happens to the business" standpoint. That's a big, and extremely important, difference. Everyone, my company included, needs to stay focused on product and cost suitability.
Carl Fairbank
Founder & CEO boldMODE
www.boldmode.com
Carl@boldmode.com
Founder & former CEO of Breakout Capital (sold to SecurCapital in 2019)
www.breakoutfinance.com
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